Kyle Kline
Personal Funds vs. HELOC to Fund a Property
Hello,My question is how to decide which source of funds to use for which part of the investing process. If I have saved roughly $15-20K of my own money and have about $60K in a HELOC, which should I use first? Should...
Scott Winter
Rental Property Reserves
It seems easy to park money in a checking account for property reserves, but that feels inefficient.Where do you keep your rental property reserves?
Mike Landry
LLC? Should I put realtor wife as member?
I am forming an LLC for wholesaling and flipping properties in Texas. My wife will have minimal activity in it other than backing up my comps and listing properties. Should I add her as a member?PROS"Business meeting...
Josef Roberge
What Are Your Primary Concerns of Setting-Up an LLC on LegalZoom?
I was wanting to set up an LLC in California on LegalZoom for myself. No other members, just me. Will open a bank account under the LLC name.But some say it's really risky to do without an attorney, and will come back...
Steve Welsh
Using One quickbooks file for both management and holding LLC's
Hey guys, Quick question. Currently I own two properties (my personal property has a secondary unit that we rent) and I bought a SFH a few months back that we are renovating now and have a holding LLC set up to own th...
Amity Word
Replacement Reserves Budget
Replacement reserves are funds that are set aside from a property’s operating cash flow to fund future capital expenditures. Normal wear n tear or repairs.How much should one set aside or budget for replacement reser...
Account Closed
Single vs Multiple Family Homes
My goal for the end of 2019 is to have one cash flowing property (I'm new to REI). I'd also like to move out (I'm fairly young and am still living with my parents). What are some of your opinions on owing a SFR and re...
Joe Wood
Section 179 on passenger vehicle
Hey everyone,Stumbled across section 179 while looking for ways to increase my deductions. Anyone familiar with this? My wife and I bought a Ford Edge which is in our names, not the LLC. Will we be able to expense par...
Monica Painton
Selling Airbnb Business
I currently have 8 homes used as Airbnb rentals. I'd like to sell the Airbnb business and all of the contents/furnishings inside the home as well as turn over all the existing reservations and rent the homes out to th...
Janel F.
self directed retirement accounts
My husband and I are considering SD retirement accounts but we have some questions. Any feedback would be greatly appreciated!- can I combine a SEP IRA and a regular IRA into one SD account?- would i be able to invest...